Reported 1 day ago
The Federal Reserve's preferred inflation measure, the core Personal Consumption Expenditures (PCE) index, indicated that price increases eased in April, rising 2.5% annually and 0.1% from March. Despite persistent inflation above the Fed's 2% target and concerns over the effects of President Trump's tariffs, the data suggests that the expected inflationary impact has not yet materialized in consumer prices. Economists predict that the trend may reverse later this year as businesses begin to pass on tariff costs to consumers.
Source: YAHOO